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Company No. 08742363 · Incorporated 22 Oct 2013

Underglade Ltd

Registered name: UNDERGLADE LTD

Part of BDRC Group Limited group

Underglade Ltd made £124k profit in the year to 31 Dec 2024 (revenue not disclosed).

Underglade Ltd reported £124k profit in the year to 31 Dec 2024, down 3% on the year before; its revenue was not disclosed. It had 11 employees. The company is classified under “market research and public opinion polling” and is based in London; we hold 2 years of its filed accounts.

Profit onlySection M · Professional, scientific and technical activitiesSIC 73200Market research and public opinion polling
Status
Active
Location
London, London
Age
12 yrs · since 2013
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 31 Dec 2024

Key figures

Revenue
—
Not disclosed in filing
Profit
£124k
Growth ▼2.5%
Profit margin
—
 
Employees
11
Change 0%
Profit / employee
£11.3k
 
Profitable streak
2yrs
Consecutive profitable years in our data

This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 2024
DisclosureProfit onlyProfit only
Profit & loss
Revenue (turnover)——
Profit after tax£127k£124k
Profit (best available)£127k£124k
Employees (average)1111
Ratios
Profit margin——
Profit per employee£11.5k£11.3k
Growth (year on year)
Profit growth—▼2.5%
Headcount growth—0%
Balance sheet — indirect signals, not revenue
Cash at bank£123k£143k
Net assets£576k£699k
Current assets£1m£1.1m
Debtors£682k£634k
Deferred income£63.7k£34.7k
SourceFullAccounts · bulk data Jun 2025FullAccounts · bulk data Jun 2025
Derived from the latest filing

How the business works

Profit margin
—
Profit ÷ revenue.
Gross margin
—
Gross profit ÷ revenue. High for software and services.
Revenue per employee
—
Revenue ÷ average employees.
Profit per employee
£11.3k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
—
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
—
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲22%
Now £699k
Cash at bank
▲16%
Now £143k
Headcount
0%
Now 11
Deferred income
▼45%
Now £34.7k
Fixed assets
—
Now —

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. BDRC Group Limitedultimate parent75–100%
  2. Underglade Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (4)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £124k), from the Companies House accounts bulk data published Jun 2025. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.